Hologic Capital Expenditures vs Free Cash Flow Analysis

HOLX Stock

USD 79.50 0.06 0.08%

Hologic financial indicator trend analysis is much more than just examining Hologic latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hologic is a good investment. Please check the relationship between Hologic Capital Expenditures and its Free Cash Flow accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hologic. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Hologic Stock please use our How to Invest in Hologic guide.

Capital Expenditures vs Free Cash Flow

Capital Expenditures vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hologic Capital Expenditures account and Free Cash Flow. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Hologic's Capital Expenditures and Free Cash Flow is 0.48. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Hologic, assuming nothing else is changed. The correlation between historical values of Hologic's Capital Expenditures and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Hologic are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Capital Expenditures i.e., Hologic's Capital Expenditures and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.48

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Capital Expenditures

Capital Expenditures are funds used by Hologic to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Hologic operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Hologic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hologic current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hologic. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Hologic Stock please use our How to Invest in Hologic guide.At this time, Hologic's Selling General Administrative is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to rise to 15.51 in 2024, whereas Tax Provision is likely to drop slightly above 138.5 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	95.1M	111.1M	122.1M	74.8M
Depreciation And Amortization	430.1M	323.4M	309M	324.5M

Interest Expense Depreciation And Amortization

Hologic fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Total Current Assets	Non Currrent Assets Other	Other Current Assets	Other Current Liab	Accounts Payable	Short Term Debt	Property Plant And Equipment Gross	Short Term Investments	Common Stock	Other Assets
Total Assets		0.69	0.52	0.71	0.94	0.28	0.08	0.54	0.75	0.53	0.51	0.73	0.63	0.71	0.62	0.69	0.63	0.41	0.49	0.71	0.37	0.08	0.6	0.14	0.8	0.36
Short Long Term Debt Total	0.69		0.31	0.0	0.62	0.85	-0.61	-0.14	0.97	-0.16	0.17	0.83	0.97	0.03	0.88	1.0	-0.07	-0.13	0.03	0.16	-0.28	0.31	-0.13	-0.47	0.66	-0.01
Total Current Liabilities	0.52	0.31		0.43	0.7	0.12	-0.01	0.23	0.38	0.22	0.66	0.64	0.1	0.44	0.45	0.32	0.37	0.3	0.27	0.65	0.22	0.76	0.33	-0.05	0.67	0.29
Total Stockholder Equity	0.71	0.0	0.43		0.7	-0.46	0.73	0.92	0.12	0.92	0.58	0.25	-0.06	0.97	0.02	0.0	0.97	0.68	0.69	0.85	0.71	-0.19	0.97	0.57	0.53	0.53
Property Plant And Equipment Net	0.94	0.62	0.7	0.7		0.25	0.05	0.48	0.67	0.48	0.71	0.8	0.5	0.74	0.66	0.61	0.64	0.48	0.49	0.82	0.42	0.21	0.61	0.13	0.88	0.44
Net Debt	0.28	0.85	0.12	-0.46	0.25		-0.9	-0.63	0.78	-0.64	-0.06	0.6	0.85	-0.42	0.76	0.85	-0.55	-0.39	-0.26	-0.21	-0.49	0.39	-0.56	-0.61	0.3	-0.23
Retained Earnings	0.08	-0.61	-0.01	0.73	0.05	-0.9		0.81	-0.51	0.82	0.24	-0.43	-0.62	0.66	-0.63	-0.61	0.77	0.57	0.55	0.47	0.6	-0.43	0.79	0.69	-0.09	0.42
Cash	0.54	-0.14	0.23	0.92	0.48	-0.63	0.81		-0.08	1.0	0.37	0.06	-0.19	0.89	-0.17	-0.16	0.96	0.62	0.53	0.68	0.63	-0.31	0.91	0.56	0.36	0.43
Non Current Assets Total	0.75	0.97	0.38	0.12	0.67	0.78	-0.51	-0.08		-0.09	0.21	0.85	0.94	0.11	0.89	0.98	0.01	-0.09	0.13	0.22	-0.2	0.33	-0.02	-0.41	0.73	0.01
Cash And Short Term Investments	0.53	-0.16	0.22	0.92	0.48	-0.64	0.82	1.0	-0.09		0.36	0.04	-0.2	0.9	-0.18	-0.17	0.96	0.64	0.52	0.68	0.67	-0.32	0.92	0.61	0.35	0.42
Net Receivables	0.51	0.17	0.66	0.58	0.71	-0.06	0.24	0.37	0.21	0.36		0.5	0.02	0.62	0.25	0.16	0.6	0.67	0.58	0.85	0.3	0.14	0.55	0.12	0.64	0.82
Common Stock Shares Outstanding	0.73	0.83	0.64	0.25	0.8	0.6	-0.43	0.06	0.85	0.04	0.5		0.72	0.29	0.91	0.84	0.18	0.05	0.14	0.44	-0.08	0.44	0.11	-0.39	0.92	0.15
Non Current Liabilities Total	0.63	0.97	0.1	-0.06	0.5	0.85	-0.62	-0.19	0.94	-0.2	0.02	0.72		-0.05	0.82	0.97	-0.14	-0.18	-0.01	0.02	-0.29	0.14	-0.17	-0.44	0.54	-0.08
Inventory	0.71	0.03	0.44	0.97	0.74	-0.42	0.66	0.89	0.11	0.9	0.62	0.29	-0.05		0.09	0.02	0.96	0.69	0.61	0.9	0.74	-0.22	0.93	0.58	0.58	0.53
Other Stockholder Equity	0.62	0.88	0.45	0.02	0.66	0.76	-0.63	-0.17	0.89	-0.18	0.25	0.91	0.82	0.09		0.89	-0.07	-0.07	-0.08	0.23	-0.06	0.39	-0.1	-0.33	0.79	-0.04
Total Liab	0.69	1.0	0.32	0.0	0.61	0.85	-0.61	-0.16	0.98	-0.17	0.16	0.84	0.97	0.02	0.89		-0.08	-0.14	0.04	0.14	-0.28	0.32	-0.12	-0.48	0.67	-0.02
Total Current Assets	0.63	-0.07	0.37	0.97	0.64	-0.55	0.77	0.96	0.01	0.96	0.6	0.18	-0.14	0.96	-0.07	-0.08		0.71	0.67	0.83	0.67	-0.25	0.97	0.56	0.49	0.58
Non Currrent Assets Other	0.41	-0.13	0.3	0.68	0.48	-0.39	0.57	0.62	-0.09	0.64	0.67	0.05	-0.18	0.69	-0.07	-0.14	0.71		0.37	0.78	0.7	-0.23	0.69	0.68	0.31	0.87
Other Current Assets	0.49	0.03	0.27	0.69	0.49	-0.26	0.55	0.53	0.13	0.52	0.58	0.14	-0.01	0.61	-0.08	0.04	0.67	0.37		0.57	0.3	-0.18	0.75	0.25	0.33	0.47
Other Current Liab	0.71	0.16	0.65	0.85	0.82	-0.21	0.47	0.68	0.22	0.68	0.85	0.44	0.02	0.9	0.23	0.14	0.83	0.78	0.57		0.66	0.0	0.79	0.45	0.67	0.71
Accounts Payable	0.37	-0.28	0.22	0.71	0.42	-0.49	0.6	0.63	-0.2	0.67	0.3	-0.08	-0.29	0.74	-0.06	-0.28	0.67	0.7	0.3	0.66		-0.28	0.75	0.93	0.21	0.34
Short Term Debt	0.08	0.31	0.76	-0.19	0.21	0.39	-0.43	-0.31	0.33	-0.32	0.14	0.44	0.14	-0.22	0.39	0.32	-0.25	-0.23	-0.18	0.0	-0.28		-0.28	-0.44	0.28	-0.18
Property Plant And Equipment Gross	0.6	-0.13	0.33	0.97	0.61	-0.56	0.79	0.91	-0.02	0.92	0.55	0.11	-0.17	0.93	-0.1	-0.12	0.97	0.69	0.75	0.79	0.75	-0.28		0.67	0.42	0.53
Short Term Investments	0.14	-0.47	-0.05	0.57	0.13	-0.61	0.69	0.56	-0.41	0.61	0.12	-0.39	-0.44	0.58	-0.33	-0.48	0.56	0.68	0.25	0.45	0.93	-0.44	0.67		-0.09	0.34
Common Stock	0.8	0.66	0.67	0.53	0.88	0.3	-0.09	0.36	0.73	0.35	0.64	0.92	0.54	0.58	0.79	0.67	0.49	0.31	0.33	0.67	0.21	0.28	0.42	-0.09		0.33
Other Assets	0.36	-0.01	0.29	0.53	0.44	-0.23	0.42	0.43	0.01	0.42	0.82	0.15	-0.08	0.53	-0.04	-0.02	0.58	0.87	0.47	0.71	0.34	-0.18	0.53	0.34	0.33

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Hologic Account Relationship Matchups

Hologic fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.2B	8.9B	9.1B	9.1B	9.2B	9.6B
Short Long Term Debt Total	3.1B	3.0B	2.8B	2.8B	2.5B	1.9B
Total Current Liabilities	1.2B	1.3B	937.7M	1.2B	1.0B	1.1B
Total Stockholder Equity	2.7B	4.2B	4.9B	5.0B	5.1B	5.4B
Property Plant And Equipment Net	491.5M	564.7M	481.6M	517M	537.8M	564.7M
Net Debt	2.3B	1.9B	483.9M	95.7M	374.4M	355.7M
Retained Earnings	(1.6B)	298.3M	1.6B	2.1B	1.9B	1.9B
Cash	701M	1.2B	2.3B	2.7B	2.2B	2.3B
Non Current Assets Total	5.0B	5.8B	5.2B	5.0B	5.3B	3.1B
Cash And Short Term Investments	701M	1.2B	2.3B	2.7B	2.3B	2.5B
Net Receivables	1.0B	942.7M	617.6M	625.6M	600.4M	630.4M
Common Stock Shares Outstanding	264.6M	259.7M	253.8M	248.8M	237.6M	170.5M
Liabilities And Stockholders Equity	7.2B	8.9B	9.1B	9.1B	9.2B	9.6B
Non Current Liabilities Total	3.2B	3.4B	3.3B	2.9B	3.0B	2.0B
Inventory	395.1M	501.2M	623.7M	617.6M	679.8M	713.8M
Other Stockholder Equity	4.3B	4.0B	3.5B	3.1B	5.1B	2.6B
Total Liab	4.5B	4.7B	4.2B	4.1B	4.0B	2.5B
Total Current Assets	2.2B	3.2B	3.9B	4.2B	3.8B	4.0B
Non Currrent Assets Other	489.7M	214.3M	188.8M	267.9M	410.8M	431.3M
Other Current Assets	97.3M	554.5M	281.2M	218.8M	209.5M	220.0M
Other Current Liab	549.5M	498.5M	467.9M	490.8M	564.4M	592.6M
Accounts Payable	178.8M	215.9M	197.7M	175.2M	786.8M	826.1M
Short Term Debt	324.9M	343.5M	41.4M	310.5M	37.5M	35.6M
Property Plant And Equipment Gross	572.2M	1.3B	1.3B	1.3B	1.5B	1.6B
Accumulated Other Comprehensive Income	(49.7M)	(59.1M)	(238.2M)	(147.6M)	(132.8M)	(126.2M)
Short Term Investments	6M	100K	31.9M	16.2M	173.4M	182.1M
Other Assets	424.5M	245.7M	210.5M	179M	205.9M	216.1M
Long Term Debt	2.7B	2.7B	2.8B	2.5B	2.9B	2.2B
Treasury Stock	(926M)	(1.6B)	(2.0B)	(2.5B)	(2.3B)	(2.2B)
Intangible Assets	1.3B	1.7B	1.3B	888.6M	1.0B	1.8B
Property Plant Equipment	491.5M	564.7M	481.6M	579.7M	666.7M	337.5M
Current Deferred Revenue	186.1M	198M	186.5M	199.2M	212.9M	132.4M
Good Will	2.7B	3.3B	3.2B	3.3B	3.8B	2.3B
Other Liab	429.3M	662.3M	448.9M	321.5M	369.7M	441.1M
Net Tangible Assets	(1.3B)	(722.2M)	359.1M	847M	974.1M	1.0B
Long Term Debt Total	2.8B	2.7B	2.7B	2.8B	3.2B	3.2B
Capital Surpluse	5.8B	5.9B	6.0B	6.0B	6.9B	6.1B

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Hologic Capital Expenditures vs Free Cash Flow Analysis

Capital Expenditures vs Free Cash Flow

Capital Expenditures vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Capital Expenditures

Free Cash Flow

Hologic fundamental ratios Correlations

Hologic Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Hologic fundamental ratios Accounts

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Additional Tools for Hologic Stock Analysis

COMMON DESTINATIONS

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COMPANY

Total Liab	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.98	Non Current Assets Total
Non Current Assets Total	+ 0.97	Short Long Term Debt Total
Non Current Liabilities Total	+ 0.97	Short Long Term Debt Total
Inventory	+ 0.97	Total Stockholder Equity

Retained Earnings	- 0.9	Net Debt
Cash And Short Term Investments	- 0.64	Net Debt
Other Stockholder Equity	- 0.63	Retained Earnings
Cash	- 0.63	Net Debt
Non Current Liabilities Total	- 0.62	Retained Earnings
Total Liab	- 0.61	Retained Earnings